Gift given or received

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26 Points Posted on 10 September 2021
how we will do entry in tally and what will be the gift head in tally
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On 10 September 2021 at 19:13 Report
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Quick Summary
Gifts are recorded under capital account in Tally. Gift received is credited and gift given is debited. Entries typically involve cash or bank against gift accounts.

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Practising CA
8954 Points Posted on 10 September 2021
Gift Paid under Capital account

Gift Received under Capital account.



Dr. Bank/Cash
Cr. Gift Received

Dr. Gift Paid
Cr. Cash/Bank
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On 10 September 2021 at 19:30
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26 Points Posted on 10 September 2021
Thank you
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On 10 September 2021 at 20:15

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